Rising Demand for Fish-based Protein Propelling Growth of Dried Tilapia Fillets – Fact.MR Study

Demand for fish as a natural protein has become prominent over the last decade. Unlimited health benefits of fresh water fish such as strengthening heart and bone health, improving brain functions, keeping weight in check, and others are increasing opportunity for tilapia suppliers across the globe.

Suppliers have witnessed substantial growth in the past years, with rise in requirement due to its high nutritional value, such as protein, vitamin B12, potassium, and others. While the outbreak of the COVID-19 pandemic has temporarily affected the market due to disruptions in the supply chain and logistics sector, more people have become inclined to include tilapia in their diets for immunity boosting. As this trend is likely to persist over the coming years, the demand-supply curve of tilapia is set to rise as well.

Fact.MR’s report analyzes the tilapia market in detail, and provides information for 20+ high-growth markets. The report also explains in detail which species are more sought-after, and which form of tilapia is witnessing high demand across regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Dried Tilapia Fillets market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Dried Tilapia Fillets

This newly published and insightful report sheds light on Market Insights of Dried Tilapia Fillets, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Dried Tilapia Fillets Market.

The study offers comprehensive analysis on diverse features, including demand, product development, revenue generation, and sales in the tilapia market across the globe.

A comprehensive estimate on the tilapia market has been provided through an optimistic as well as a conservative scenario, taking into account sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

What is the Historical and Future Outlook of the Tilapia Market?
As demand for fish-based proteins has risen during the past years, tilapia suppliers have come across higher growth scope due to its highly nutritional components such as omega-3 fats, calcium, selenium, and others. As stated in a report published by the United Nations in 2018, 3.2 billion people rely on fish for almost 20% of their animal protein intake around the world. This rate has been growing, which has widened the scope for tilapia suppliers during the last 5 years (2016 and 2020).

Being a farm-raised fish with mild-tasting, full of nutritional values, flaky and firm flesh, tilapia is widely demanded in various forms such as dried tilapia fillets, frozen whole tilapia, and others. According to the Food and Agriculture Organization (FAO), fish farming or aquaculture has been the fastest-growing agricultural sector for the past 40 years, and is largely responsible for making more fish available. This definitely indicates the high potential of the market, which is projected to grow further during the forecast period of 2021 to 2031.

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Market Segmentation by Category
Form
• Dried Tilapia Fillets
• Fresh or Chilled Tilapia Fillets
• Frozen Tilapia Fillets
• Frozen Whole Tilapia

Species
• Nile Tilapia
• Blue Tilapia
• Mozambique Tilapia
• Wami Tilapia

Catch
• Wild Catch
• Aqua Culture

Region
• North America
• Latin America
• Europe
• Middle East and Africa (MEA)
• East Asia
• South Asia
• Oceania

Competitive Landscape
The global tilapia market offers a highly competitive environment to its key players. In order to sail through the strong competition, key market players are focusing on launching a wide variety of quality products.
For instance,
• North Atlantic Fish Co., Inc. launched its new range of tilapia products, such as North Atlantic Frozen Tilapia Fillets, North Atlantic Frozen Whole Tilapia, and others, with special focus on sustainability, in 2020.
• Hainan Xiangtai Fishery Co., Ltd. launched its new range of products, such as Gutted and Scaled Tilapia, Whole Round Tilapia, Tilapia Fillet, and others, in 2020.

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Key Companies Profiled
• Baiyang Aquatic Group
• Blue Ridge Aquaculture, Inc.
• Guangdong Gourmet Aquatic Products Co. Ltd.
• Ananda Aqua Exports Private Limited
• Hainan Xiangtai Fishery Co., Ltd.
• Beihai Evergreen Aquatic Product Science & Technology Co. Ltd.
• Regal Springs Tilapia
• Mazzetta Company, LLC.
• North Atlantic Fish Co., Inc.
• Netuno Internacional S/A

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